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r/CryptoCurrencySee Post

Insolar XNS - RIP

r/SatoshiStreetBetsSee Post

My last bet after liquidating a 28k USD short position of Bitcoin.

r/SatoshiStreetBetsSee Post

XNS To the moooon

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r/CryptoCurrencySee Comment

>Ripple the company created XRP nope. Development of XRP (then called XNS) started in 2011 on the bitcointalk forums with some bitcoin devs pondering the idea of "What if we could solve the doublepsend problem without mining." Development started with Jed, Arthur and David. Their network/Token was born in June of 2012, These same people would later on in Sept of 2012 go on to found Opencoin with Chris larsen and a few other people. It was at this point the Founders agreement was written and signed which chose to gift 80% of the supply to this newly founded company. The remaining 20% was split up between Jed, Arthur and Chris. David has gone on record saying at the time we chose not to accept any because it was peak silk road and he was warry of the US government coming after people who were creating new currencies. >pre-mined 100B XRP which they hold 60% of, no? it was 100% premined correct, They saw the benefits of having the total supply being available up front (benefits such as having fees be burned making the token deflationary unlike BTC) >Are you making a distinction between Ripple and the XRP protocol? One is a company, one is code. so yes? Ripple the company is obviously centralized because its not designed to be decentralized/ a DAO. The XRPL tho, is designed to get more and more decentralized as time goes on, which it has done. Ripple used to run 100% of the network, now they manage between 1-5%. > Also I'm generously curious why you feel its more decentralized than BTC. What % ownership of hashrate do the 4 largest mining pools have? now apply the same question to XRP, What are the 4 largest entitys running Validators. Ripple runs 1-5% and I actually cant name #2,#3,#4 because the overwhelming majority of people run 1 validator because thats all you need to do work with the ledger. its like a 500 way Tie for 2nd 3rd and 4th. Yet in BTC's network if 4 pool operators wanted to become bad actors, they have the power to do so between them. >On top of that, they're literally helping develop a CBDC and have support from the fucking WEF lol... definitely not a good look for a decentralized currency. Just because you dont like the application of blockchain doesnt make something not decentralized. It is completely irrelevant to the discussion. Ripple is trying to remove friction from the Financial system by making a level playing field. Many nations dont even get a seat at the table currently and pay crazy fees just for the privilege's of being partly connected to the current SWIFT system. Those nations and their people Suffer a burden that they shouldn't have too, because we have the technology now to help everyone.

r/CryptoCurrencySee Comment

>Not even internally. They were called that externally, on like the internet, which is why you can find lots of quotes from company representatives calling them that online. yes im sure there are plenty of quotes using the wrong verbiage but again, they would of been incorrect to say I hold Ripple as that doesnt exist. What they held is XRP in their wallet, was hard coded as such when the name changed from XNS in june 2012. >The change of language came about because they wanted to distance the entity and token from potential enforcement action https://bitcoinexchangeguide.com/xrp-symbol-create-vote-for-ripples-new-crypto-coin-design/ No, it happened because again the community was tired of having to deal with ambiguity in discussion because people cant figure out the basics.

Mentions:#XRP#XNS
r/CryptoCurrencySee Comment

the RP in XRP stands for Ripple protocol. now I know ur gonna respond with something like see that's why people call it that. but it comes from a lack of understanding and history on the topic. to explain/expand on it. It was a Protocol based on payments that "Rippled" through the network. Ripple pay created by ryan fugger in 2004 almost a decade before was the basis for it. The company "Ripple" didnt incorporate until after the protocol and tokens were made. It is very common in the tech industry for people to have poor naming conventions Ie Red hat makers of red hat or Oracle makers of oracle etc. People incorrectly call it Ripple instead of XRP because that was an incorrect naming convention used by exchanges. The asset everyone traded, held, bought sold and owned has always and was always called XRP (minus the few months in the early stages where it was XNS)

Mentions:#XRP#XNS
r/CryptoCurrencySee Comment

>I don't know why you keep trying to deflect. Its not a deflection, its a compairision between a digital asset and a company which is what you cant seem to understand. It highlights the stupidity of your position. >The quote i linked wasnt even the historical CMC, its what todays CMC says. CMC cant even calculate circulating supply correctly, why would you take their word when they are confusing Ripplnet and the XRPL? lol. >It explicitly says that XRP is the native cryptocurrency of Ripple its the natives currency of the XRPL. Ripplnet a product developed by Ripple also interacts with the XRPL and uses XRP. one is a public open source decentralized network, the other isnt... >Ive been into BTC since 2013 and I remeber how all of the exchanges called XRP "ripple" and vise versa. Correct many exchanges used the wrong word to describe what was being held in peoples wallets. Again tho, Nobody has ever held "Ripple" in their XRPL wallet because that doesnt exsist. it has always been XRP Unless you are one of the founders who held XNS pre Open coin.... >You now want to engage in historical revisionism whose goal us to delink XRP from Ripple. Its not historical revisionism, it is the facts. One is a company the other is a digital asset. Nobody has ever held "Ripple" in an XRPL wallet.... >This is being done by Ripple in order to not have XRP be counted as a security. This was pushed by the XRP community in late 2017 and was voted on and passed by the validators in 2018 because people like you couldnt differentiate between the two and would look stupid/confused. The NAME of something has nothing to do with if it's a security or not... smh

r/CryptoCurrencySee Comment

You can also check out $XNS. It's offers close to zero transaction fees

Mentions:#XNS
r/CryptoCurrencySee Comment

Me buying the dip knowing that I only can eat pot noodles for the rest of the month. ![gif](giphy|yB22VAMAY8XNS)

Mentions:#XNS
r/BitcoinSee Comment

Peter McCormik's interview with Eric Weinstein. Eric believes in BTC but asks Peter (and the community) a very important question. WTF are we doing. Definitely worth a listen. ​ https://youtu.be/XNS1Qs2n0Uc

Mentions:#BTC#WTF#XNS
r/CryptoCurrencySee Comment

similar in that they offer storage and have storage providers. Sia seems focused on Web3 and building a new internet. ScPrime is focused on building an S3 compatible storage suite to take on the growing demand of business and enterprise archival storage. To do this they developed and have started selling the XaMiner to bring the network to scale to compete with some of the big players of S3 storage (AWS, etc). It may not sound sexy, but it's a booming industry to get into, and by building this distributed network, ScPrime believes their product (XNS), can offer very competitive pricing and scalability.

Mentions:#S#XNS
r/CryptoCurrencySee Comment

I'm very good at this: * Aion - interoperability failure, *Canadian* * Substratum - anti censorship rug, *USA* * INS--->XNS - grocery shopping turned general scam, *Russia* * SONM - fog compooting, *Russia* Russia wins in best rug pulling category! In total, I probably put in 4-7 ETH in Q4-2017 prices (averaged).

Mentions:#XNS#ETH
r/CryptoCurrencySee Comment

where is possible to still trade XNS? If still possible... ​ thanks

Mentions:#XNS
r/BitcoinSee Comment

Now we have bitcoin, shitcoins and CBCDs. https://en.wikipedia.org/wiki/Protocol_Wars Computer manufacturers developed proprietary protocol suites such as IBM's Systems Network Architecture (SNA), Digital Equipment Corporation's DECnet, and Xerox's Xerox Network Systems (XNS) The Internet won, and nobody was in charge. Bitcoin isn't an app it is a protocol. It is digital, censorship resistant, global value transfer system. Bitcoin will win.

Mentions:#XNS
r/BitcoinSee Comment

BITCOIN WILL CHANGE THE WORLD!!! THE REVOL... ​ Wait a second. Can you explain to me how Bitcoin fixes our corrupt government? It takes away their revenue from money printing, often called an inflationary tax. Which wouldn't be the worst thing if our political process wasn't corrupted. So these revenues overwhelmingly go to businesses and corporations who squander them on stock buybacks and campaign donations instead of helping people through stimulus checks. ​ Bitcoin lets us opt out of paying this inflation tax and gives us back our dignity! ​ I'm just not sure what else Bitcoin does? Besides maybe help facilitate the creation of a global community? Important in addressing global problems like global warming and artificial intelligence. Also can we lay off the Bitcoin is the greatest invention in human history talk? There is fire, agriculture, human rights, democracy, artificial intelligence, and the internet to name a few. Not to be a kill joy. I'm super pumped on Bitcoin. But you know, let's keep expectations reasonable. Having said that there was a wonderful episode of [What Bitcoin Did](https://youtu.be/XNS1Qs2n0Uc) where Eric Weinstein repeatedly asked the host when the real revolution was coming and what did it entail. Maybe you can answer that question better than the host could here.

Mentions:#WORLD#XNS
r/CryptoCurrencySee Comment

My beloved people of r/cc, I discovered this man, Eric Weinstein, today. He's insane (in a good way), and he operates at a high, high mental level. I really recommend watching this video (to the end) : https://m.youtube.com/watch?v=XNS1Qs2n0Uc&feature=youtu.be He wants to have a deep conversation about crypto (he's been into BTC since 2010). He understands how it can give people financial freedom and everything. He's really interested in the tech --- and understands how different cryptos are developing things like efficiency, payment mechanisms etc. His point is deeper though, not just the Innovativeness/Efficiency of the tech, but the deeper social/real-world impact. An impact worthy of the "radicalness" of Satoshi's work. Like, if Bitcoin fixes everything, what exactly is everything. As in, it's about deeper issues than "mere" awesome tech. Can it actually change the economic narrative, calculation of inflation numbers, boost (actually, real world) science education and culture in the world. Things of that sort. No DLT community has thought so far yet.

Mentions:#XNS#BTC#DLT
r/CryptoCurrencySee Comment

> No, You brought up that they own a lot of tokens as a reason for why XRP is centralized. Im disproving your nonsense because you dont understand what you're even talking about. Instead of reply to me with insults, why do you just address the facts. You have disproven nothing. Fact is that ripple the coin is centrally owned, over half of its supply is in control of one entity. no ripple splaining can get around that. > XRP isnt an agnostic coin. > >people. The object isnt what drives value into the system, Utility and usage So far there is nothing that justifies XRP, none of Ripple the company uses it. Who is using XRP when they announce these partnerships ? you should Stop talking about topics you clearly dont understand. > The only name XRP has had before XRP is XNS. (this was later changed to XRP once the Ripple protocol was finished) hence the RP in XRP. X referring to assets like XAU, XAG, which are geopolitically neutral and have no sovereign. I dunno I clearly remember a rebranding, I clearly remember it being listed on exchanges as ripple. I heard everyone talking about i as ripple. Your trying to do historical revisionism. Its dishonest. > it was incorrectly called Ripple. It wasnt because clearly there was one company that held, one company benefited from its rise, one company funded its devs. Everyone knew it as ripple because it was intertwined with the company that it made sense that it was called ripple. Just because there was some mental gymnastics about a community "donating" ripplecoin to the company called ripple, that doesnt mean there was ever an actual separation. Thats your opinion that Im making myself look like a fool. I'm just calling out your historical revisionism. > Because OTC sales fuel more clients to join the network, The reason why they are being sued by the sec is because they are offering securities, they sell ripplecoin like they sell a stock. > Provide evidence that it is centralized. The concentration of the amount of tokens in the hands of one entity is enough evidence > 2 things, 1 Link sources before quoting otherwise your just being a moron. after a search the First result is a FUD article by a guy who also wants to shut down Bitcoin.... So instead of answering this guys question you attack the person. My position on BTC is irrelevant to the fact that ripplecoin and ripple the company are basically one entity and its a centralized coin that half of the supply is controlled by one entity. > bridge asset / liquidity/payment solution. to bad its not being used for that and there are better technologies for that. Dont get so butt hurt that you support such a centralized coin.

r/CryptoCurrencySee Comment

>Then why do you even bring it up ? You brought it up that those coins could be voted out as some reason as to why ripple isnt centralized. No, You brought up that they own a lot of tokens as a reason for why XRP is centralized. Im disproving your nonsense because you dont understand what you're even talking about. >XRP isnt an agnostic coin. Yes it is, every coin/token is Agnostic. Guns dont kill people, people kill people. The object isnt what drives value into the system, Utility and usage is. to argue that if everyone did nothing in order to increase the value of the object is absurd. Stop talking about topics you clearly dont understand. >Its name was only changed from Ripple to XRP recently to shake off sec securities issues. The only name XRP has had before XRP is XNS. (this was later changed to XRP once the Ripple protocol was finished) hence the RP in XRP. X referring to assets like XAU, XAG, which are geopolitically neutral and have no sovereign. https://github.com/ripple/rippled/commit/f0e3383856a8923e55b0f10e7822de9031b7159e The asset on the ledger, in your wallet, on the exchange, was always and has always been XRP. The name correction was pushed by the community (not Ripple) another example of how they dont control it. Anyone calling it "Ripple" was just simply incorrect. To say that Tech company's have a Good history of reasonable naming conventions would be a lie, for example. Red hat makers of Red hat, Oracle makers of oracle, Linux foundation founders of linux... and so on. >I have been around since 2013 and the token was called Ripple. it was incorrectly called Ripple. but if you bought it on an exchange or withdrew it, you didnt send "ripple" because that doesnt exsist and never did, you sent XRP. >Ripple uses XRP to buy collaborators, paying early partners to try out technology isn’t in and of itself dishonest – after all, PayPal did something similar. However, while PayPal built a working payments infrastructure, it’s not clear that Ripple’s technology is a viable alternative to traditional payment mechanisms like Swift, or whether it can deliver on its promises at all. Please google what a contra expense is or take a few business classes, you're making yourself look like a fool right now. Also, https://dailyhodl.com/2020/10/24/xrp-moving-10-of-remittances-from-us-to-mexico-says-founder-of-crypto-exchange-bitso/ 10% of every USD/MXN remittance payment in the world was done via XRP. The system works and delivers. (that number was 4% the year prior and 1% the year prior to that) >but why do the sell so much XRP then, why do they need to do that ? Because OTC sales fuel more clients to join the network, THey've been posting quarterly updates since 2015ish on their sales. its all public, do yourself a favour. Look at the last 40 months in a row(since the escrow started), that's 40 Escrow releases of 1 Billion XRP to Ripple. Care to guess how much was sold and how much was put back into Escrow? Heres some fun math for you, if you look at newly mined BTC over the last 40 months vs the 40 Billion of XRP as a % of total supply. Which is more inflation, the Ripple sales or newly mined BTC (here's a hint, its BTC) and what do the BTC miners do with their profits? Fund development? how about pay for improvements to the system? NOPE, they buy more hashrate/infrastructure to increase their control over the network. >you are like GW who kept saying that there were chemical weapons in IRAK, if you repeat the same lie over and over maybe some people will start to believe it. Provide evidence that it is centralized. show me the validators that Ripple controls having more than 80% control of the network (because a supermajority of 80% is required for "control"). Ripple operates 4.9% right now. for the like 5th time, you dont know what you're talking about. https://xrpcharts.ripple.com/#/validators >They tried anyways after a generous offer from Rippple. of course ripple announces these "partnerships" so that they can then dump XRP on retail. Contra expense, and total XRP sold is less than newly mined BTC so again, you not knowing what you're talking about. >“I have a tough time understanding, even if a lot of banks use Ripple to move billions of dollars, why does that increase the value of XRP?” wonders Timothy Enneking, managing director of Digital Capital Management. 2 things, 1 Link sources before quoting otherwise your just being a moron. after a search the First result is a FUD article by a guy who also wants to shut down Bitcoin.... yeah, maybe dont pick the guy who also thinks your prefered project should be "shut down" or that it would even be possible to "shut it down" lol... The guy you're quoting also wants to "shutdown Bitcoin" https://www.forbes.com/sites/jasonbloomberg/2018/03/10/we-need-to-shut-bitcoin-and-all-other-cryptocurrencies-down-heres-why/?sh=146236e91bca >so if Ripple develops software that banks use for fast global financial settlements, what is really the raison d'être for XRP ? bridge asset / liquidity. Current banking systems require Nostro/vostro, are slow and costly to use. XRP removes the need to prefund your accounts for intertional transfers, Turning dormant nostro/vostro accounts into working capital. > for ripple the company almost all of its current value comes from being the creator and majority holder of XRP... Ripple did not create XRP, the token existed before Onecoin (the original name of Ripple) even existed.

r/CryptoCurrencySee Comment

An example was Insolar (XNS). Coin that was focused on directly connecting grocery brands to consumers, thus cutting out the middlemen (ex. supermarkets) and decreasing overal costs for both parties. It was gaining traction, but the bear market had other plans. Messed up their momentum as the negative impact of the bear market on the legitimacy of crypto as a whole cost them some deals. This was followed up by terrible decisions by the team, which caused it to spiral down and slowly die out. Earlier this year the team decided to call it quits and closed down the ecosystem. They struck an agreement with a soon to be released DeFi project "Augmented Finance" that would give XNS holders the possibility to burn and migrate their tokens to AGF, in order to receive an equal amount of value of tokens on its release. We'll see how that turns out, but I reckon it'll end up poorly for many.

Mentions:#XNS
r/CryptoCurrencySee Comment

>So you agree. The SUPPLY is centralised. Can you point out when I disputed supply wasnt centralized? >Dangerously centralised. No, there is nothing wrong with someone owning a lot of coins in a non proof of stake system as they arent a stakeholder.... > You argue with hundreds of people (it's fun to watch) calling semantics on centralisation. Yes because people incorrectly call it centralized (when it isnt) saying "XRP is centralized" is not the same as saying "XRP SUPPLY is centralized" I don't know if you're just ESL or dont understand what is being discussed but the two sentences are talking about different things. > Trying desparately to convince us that just because the developers OWN half the supply - that's somehow not centralised? Can you give me an example of how coin ownership gives you power over the network? Show me how they can stop a transaction, or freeze one, or reverse one or halt one or create more XRP or Force a validator to run their amendment code. The awnser is they cant because you have no power because that "power" is decentralized within the network... >To you, the argument is all about the nodes and the network. Pure BS. Which is all that matters in this consensus method.... like did you not read that article by vitalik I linked you at all? Im guessing you're willing to say he's ALSO incorrect in his understanding of decentralized networks? does that sound correct to you? please try and learn. >IF as you say - someone owned HALF the supply of BTC, then fk me. Red flags to hell. No it isnt. its a non proof of stake consensus so coin ownership has nothing to do with centralization v decentralization....They have zero power. >That person could DUMP at any point. Wouldn't matter if they 'promised to release from magical escrow only on the waxing moon' or some other BS. Can you name who they hurt the most by doing so? You're argument currently is that the guy with 100 Billion USD in assets is willing to lose it all for a quick 1 Billion in fiat.... Does that sound right to you? >Do you not get that? THAT is centralisation. of supply... which in a non proof of stake consensus, doesnt matter... >The bloke who made it owns half of it. XRP wasnt created by Ripple, it existed before the company did, it was called XNS back then. >You're hanging on. It's cute. For someone who couldnt be more wrong you're very smug and I like that, keep thinking you know what you're talking about instead of attempting to learn. see how that works out for ya lol. https://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

r/CryptoCurrencySee Comment

https://github.com/ripple/rippled/commit/f0e3383856a8923e55b0f10e7822de9031b7159e here is the code that created the XNS later to be named XRP. several months before your timeline. Stop believing the fudsters and actually look into things please

Mentions:#XNS#XRP
r/CryptoCurrencySee Comment

> Ripple Labs issued digital coins, Token exist before them. it was called XNS as the time of creation and later renamed to XRP, company was formed months after genesis ledger.

Mentions:#XNS#XRP
r/CryptoCurrencySee Comment

I currently have XNS insolar on binance and need to move it as being desisted off that exchange. Any idea where I can transfer xns to so I can possibly trade it one day? Thanks

Mentions:#XNS
r/CryptoCurrenciesSee Comment

I have XNS insolar token on binance, its to be desisted of binance. Where can I move this coin to so that I can keep it for a few years ? Thanks

Mentions:#XNS
r/CryptoMoonShotsSee Comment

A better piece of advice: check into the people you take advice from. Looking at the comment history of u/verbatin1969 - we can see a monster spree of shilling this crypto and subtly slamming VET. Be very careful in allowing the hype in people’s posts to impact your emotional state. I’m still pretty new in this industry, myself. I have also fallen victim to this FOMO-type of manipulation, being mislead into buying the likes of XNS - Insolar. For every person in here that wants to help you, there are 100 more that just want to pump and dump a crypto they hold.

Mentions:#VET#XNS
r/CryptoCurrencySee Comment

ARK is your worst buy? Boy do I have some legit shitcoins in comparison. Shoutout to Insolar (INS -> XNS -> Project closed -> Augmented Finance???) and OST.

Mentions:#ARK#XNS#OST
r/CryptoMoonShotsSee Comment

Hey, don’t worry - XNS got me too, and their team was far from anonymous.

Mentions:#XNS
r/CryptoCurrencySee Comment

burn in pieces INX/XNS team. they posted on twitter they are shutting down their network. scammers.

Mentions:#INX#XNS
r/CryptoCurrencySee Comment

Nah Insolar was XNS, watched that dump live was pretty crazy. INX is Inmax which is some kind of exchange.

Mentions:#XNS#INX
r/CryptoCurrencySee Comment

>*"We are determined that Insolar’s great community can emerge from this situation even stronger."* Yeah, I think not. They absolutely gutted this project by making irrational choices (XNS-swap was just the icing on the cake).

Mentions:#XNS
r/CryptoCurrencySee Comment

I didn't follow this project closely. Was it obvious they were shutting down soon? Also, why are people still buying XNS? Is there really a potential profit to be made at this point?

Mentions:#XNS
r/CryptoMoonShotsSee Comment

Why did XNS fall so fast? Lost over 90% within an instant.

Mentions:#XNS
r/SatoshiStreetBetsSee Comment

Ok and what is the USP of XNS?

Mentions:#XNS
r/SatoshiStreetBetsSee Comment

this is how the crypto gods punish you for trying to short BTC. Shorting BTC at the start of a massive bull market, then putting your leftovers in XNS just as they are shutting down their business. It had been outed as an exit scam before you even invested. These are the 2 worst moves I've ever heard. Don't give up the day job.

Mentions:#BTC#XNS
r/SatoshiStreetBetsSee Comment

Sell those XNS you might get $2k back if you do it now. Then what you should do next is put that $2k into a savings account and have a month off crypto. If you miss out, so be it. If crypto crashes you might get in cheap again.

Mentions:#XNS
r/SatoshiStreetBetsSee Comment

I just went here: [https://www.worldcoinindex.com/coin/insolar](https://www.worldcoinindex.com/coin/insolar) and scrolled to the bottom. Like 5 seconds and I saw it. Good think is you can have a burning party. **\`\`\`Insolar project and MainNet are closing on February 28, 2021**. In order to preserve the value of your XNS coins, you can either sell them on exchanges (Kucoin, Bitmax, or HitBTC) or burn them and migrate their value to [Augmented Finance](https://augmented.finance/), an autonomous and non-custodial liquidity DeFi protocol (details below).\`\`\`

Mentions:#XNS